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The long-term price elasticity of supply of housing is a key factor determining the growth rates of housing prices and … housing supply as the city grows. Therefore, the housing supply elasticity has considerable influence on the competitiveness … regional variation in the supply elasticity of housing within the U.S. The literature further shows that the supply elasticity …
Persistent link: https://www.econbiz.de/10011488306
has been weak. Using data for 254 US metropolitan areas, we show that housing supply elasticities have fallen markedly in … recent recovery than the previous boom. At the same time, building permits respond less. Finally, we find that housing supply …
Persistent link: https://www.econbiz.de/10012843886
in areas that experienced the sharpest housing busts. A lowering of the housing supply elasticity implies a strengthened … has been weak. Using data for 254 US metropolitan areas, we show that housing supply elasticities have fallen markedly in … recent years. Housing supply elasticities have declined more in areas where land-use regulation has tightened the most, and …
Persistent link: https://www.econbiz.de/10011992859
effects of housing supply conditions throughout a metropolitan area. New units draw residents with higher incomes from the … areas. Inelastic housing supply causes price/income ratios to rise more in ZIP codes where incomes are low, and this pattern … can be used as a real-time estimate ofregional supply constraints.Where the existing housing stock is filtering upward to …
Persistent link: https://www.econbiz.de/10014237989
The study estimates the housing supply elasticity and the impact of geographic constraints in Germany from 2008 … housing supply elasticity across districts. Notably, high development intensity decreases the elasticity, while the … unavailability of land for development due to restrictive geography has no significant impact on the housing supply elasticity. The …
Persistent link: https://www.econbiz.de/10014228596
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Persistent link: https://www.econbiz.de/10011845188
In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices …, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the …
Persistent link: https://www.econbiz.de/10011372990
future gains, undermines housing policies that aim to increase supply and reduce prices through rezoning. We shed light on … the problems with the static economic models of housing supply that inform these policies by looking at the degree to … from the annual reports of Australia's publicly-listed residential developers, and complete state-level planning approvals …
Persistent link: https://www.econbiz.de/10012866934